How are tariffs (and now basically significant tariffs on only China now) in any way similar to a centrally planned economy? Tariffs have existed in every country capable of enforcing them for all of human history, and they existed in the US prior to Trump, and will continue to exist after Trump. Even countries we have supposed "free trade" agreements with still get tariffed (and impose tariffs on our goods).
They're taxing certain things and then carving out exemptions for other things. Personal favors and political ideology driving the economy instead of market forces.
Others have responded more eloquently than I to this, so I won't. All I will say is I never equated tariffs with central planning, but I can see how from context you drew that conclusion. Tariffs aren't the only thing the republicans are doing under Trump, and taken as a whole the current administration smells – to me at least – a lot more politburo than the free trade champions of yesteryear. (Well, more like decade at this point.)
>Tariffs have existed in every country capable of enforcing them for all of human history, and they existed in the US prior to Trump, and will continue to exist after Trump. Even countries we have supposed "free trade" agreements with still get tariffed (and impose tariffs on our goods).
To what degree relative to what we're seeing now, though?
jimbokun|10 months ago
HideousKojima|10 months ago
ForHackernews|10 months ago
cyberax|10 months ago
Very free market.
mstade|10 months ago
jjulius|10 months ago
To what degree relative to what we're seeing now, though?
hyperpape|10 months ago